PACKAGE DEAL OF HUD QUESTION WITH COMPLETE SOLUTION 2024

HUD Housing Exam Questions with complete solution 2023/2024Which document should the counselor review with the client to identify spending habits and track expenses: - correct answer Bank statement Which additional information would the housing counselor need to prepare a household budget for ...

HUD housing counselors training Module 1 Question and answers rated A+ 2024the purpose of tracking your money - correct answer to help you achieve your financial goals documents to use when tracking income - correct answer - paychecks - direct deposit slips - if self-employed, income and ...

HUD Housing Counselor Study for Exam Question and answers already passed 2024Front end ratio (parts) - correct answer Monthly Housing Expense / Gross Income Back End Ratio (parts) - correct answer Monthly housing+debt (on credit report - car loan, credit cards & etc) / Gross Income Rente...

HUD Housing Counselor Module 4 Question and answers 2024 verified to passA potential homebuyer with a minimal savings for a down payment and a low credit score is most likely to qualify for which mortgage? - United States Department of Agriculture (USDA) - Federal Housing Administration (FHA) ...

HUD Housing Counselor Module 2 Question and answers correctly solved 2024What is the purpose of the Veterans Affairs Supportive Housing (VASH) program? - To end veteran homelessness - To provide rental vouchers for most veterans - To offer veterans the same benefits as the Housing Choice Vo...

HUD Housing Counselor Exam Questions with complete solution 2024 What act are limited english proficiency persons protected under? - correct answer title VI of the civil rights act of 1964 Which act was passed in 1866? - correct answer the civil rights act of 1866 What did the civil rig...

HUD Housing Counselor Exam Question and answers 2023/2024 verified to passAdjustable Rate Mortgage (ARM) - correct answer Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for t...

HUD Housing Counselor Exa1 Question and answers correctly solved 2024Default - correct answer Non payment of a mortgage debt. Typically considered this when a payment has not been made after 60-90 days. For FHA loans, it is only 30 days. Delinquent - correct answer At-least one full payment...

HUD Housing Counselor Certification Practice Question and answers already passed 2023/2024What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - correct answer 50% Which is the maximum recommended housing ratio for renting an apart...

HUD Housing Counseling Questions with complete solution 2023/2024Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns - correct answer Bank Statement Which additional info...

HUD Housing Counseling Exam Questions with complete solution 2023/2024Civil Rights Act of 1866 - correct answer Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - correct answer banned discrimination in the rental or s...

HUD Housing Counseling Exam Question and answers rated A+ 2024 Back-end ratio - correct answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to ...

HUD HC Module 3 Question and answers already passed 2024Which describes the legally enforceable terms that govern the use of real estate? - Residential security restrictions - Deed restrictions - Redlined Maps - Government-sponsored deeds - correct answer Deed Restrictions Which is the...

HUD Exam Question and answers 2024 verified to passJake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate ...